Sale Of House

[sammmo]

how lonG should a house sale take. My sister Put her house up for sale. And the The estate agent found a buYer within a week.The buyer lives in rented accomoDation, and my sister was moving into my mothers house, so there is no chaIn. It has been 3 monThs since A buyer agreed to Buy. Isn't this far To long?

[ladybirder]

Has the buyer had a survey done yet? What does her solicitor say?

[sammmo]

Survey done months ago. Solicitor says all is Progressing

[Old_Geezer]

I suspect it takes as long as it takes, but I think you have cause to ask for more details. Perhaps the buyer is having issues getting a mortgage or something.

[ladybirder]

sammo, I would be asking my solicitor if the buyer has had a mortgage offer and if so when can exchange and completion be expected and get him to push if necessary. Could it be that the buyer wants to stay in the rented accommodation until the end of the lease rather than have to pay both rent and mortgage if there is an overlap? Buyer could be dragging his/her feet for that reason.

[mandimoo]

Or the buyer might just be naieve, like myself, who recently had offer accepted on a house we wanted, but I suspected issues with planning permission. So, I spent time and effort ringing planning office, water board, etc trying to find out "the situation", not really realising that the solicitors do this for you. I didn't want to instruct solicitors to do the searches, only to have my fears confirmed AND have a bill for the pleasure. So I delayed while I was digging for information. I wasn't deliberately obstructive, just didn't understand the process & tried to take control that I didn't need to have. As a result it took 5.1/2 month from accepted offer to complete. Neither party was in a chain.

[Peter Pedant]

12 weeks is a bit long
6 weeks is normal

my record is 16 w and I have to say I did whine

[zebo]

In a similar situation we completed in 7 weeks, our buyer was cash but he had to release various tranches of money or it could have been quicker. Someone's solicitor needs a boot up the rear by the sound of it.